One event ...could hyper-accelerate adoption

[spazzdla]

Would Paypal be able to freeze your account and your bitcoins? I've heard some horror stories about people when keeping large values in paypal.

Definitely would bring it more to the masses for sure though.

Of coarse they would be able too.

Unless you and only you know your private key your bitcoins are not yours.

[1715026454]

1715026454

[1715026454]

1715026454

[Ron~Popeil]

I can see the value if bringing it to the masses in a big way but paypal has some trust issues that make it a non option for most hard core bitcoiners. Hopefully something native to the bitcoin world like Circle etc. develop a market share that is comparable to paypal. 

[TheButterZone]

Would Paypal be able to freeze your account and your bitcoins? I've heard some horror stories about people when keeping large values in paypal.

Definitely would bring it more to the masses for sure though.

Of coarse they would be able too.

Unless you and only you know your private key your bitcoins are not yours.

What PayPal could do is have you put your BTC address or master public key in there that you generated offline, then when you complete checkout, give you an unsigned TX with your inputs which you would then sign on your own computer (or with some signing device) and give that back to PayPal. PayPal would never control your private keys, only know your addresses to facilitate you getting paid with only your registered email address(es).

[AJinNYC]

They're working with CoinBase through the CoinBase API.

https://www.coinbase.com/clients

[tzortz]

Nice to know thanks.

[countryfree]

Paypal wouldn't change much, and your image is wrong. I have a paypal account with several currencies in it, and it doesn't look like that. It happens often that I'm getting a payment in US $ ,then I'm buying something in €, but I don't like it as there are fees. BTC is better because it's international.

[247casino]

Busy new casino site with 10M users would pop btc

Busy new 10 cent music download site with 100M users would really pop btc

USES fuel btc not merchants and not investors

When people MUST BTC to do a vice or new inexpensive old service redone to use low cost btd trans fees, that will fuel USERS

No need to acquire btc, btc = 300 bucks

10M users btc = 10K
100M users btc = 100K

[franky1]

Would Paypal be able to freeze your account and your bitcoins? I've heard some horror stories about people when keeping large values in paypal.

Definitely would bring it more to the masses for sure though.

if you dont own the private key to the 'deposit address' within paypal.. then you have no control. thus paypal can freeze funds by declining to process your withdrawal request.

use circle/exchanges/otc's and paypal to only buy/sell coins and then... MOVE THE FUNDS OUT!!!! only store funds in your own sole control(private keys only you have access to)

[LFC_Bitcoin]

We don't need paypal.

[fenican]

Nobody would trust PayPal with their BTC - Pay Pal's business model is to confiscate customer funds as frequently as possible - they are a key reason why BTC is $350 instead of $.10

[alumar]

Nobody would trust PayPal with their BTC - Pay Pal's business model is to confiscate customer funds as frequently as possible - they are a key reason why BTC is $350 instead of $.10

I get some individuals trust issues ... obviously its a case by case bases; however, the numbers dont lie. Millions use paypal daily, millions have paypal accounts and at a very basic level if people use it to bridge a quick way to buy crypto ... If we like it or not provides the footprint to bring in potentially ten's of thousands (dare say millions) to leverage a platform they are obviously already comfortably with to handle bitcoin purchasing/conversion and acceptance in receiving with their existing infrastructure.